Jim Cramer on 3M Stock: Inflation is Running Hot and Everyone Sees it Now

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During a Morgan Stanley investment conference, 3M  (MMM) - Get 3M Company Report CFO Monish Patolawala said input costs, particularly in resins, polypropylene and wood pulp, as well as labor costs, were outstripping price increases over the current quarter.

Reacting to the announcement, Jim Cramer told Action Alerts PLUS senior analyst Jeff Marks, "that inflation is running hot and everyone sees it now." 

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